The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-04
MONEY, BONDS AND STOCKS.

A Moderately Active Market, with Slight Ad-
vances for Almost Everything
NEW YORK, March 3.-Money on call was
easy at 81 044 per cent, closing at per cent
Prime mercantile payer sal per cent
Sterling exchange was steadier, but quotations
were unchanged.
The total sales of stocks to-day were 250,6 64
shares, including the following: Delaware,
Lackawanna 6 Western. 1880; Erie $3.50;
Hooking Valley 1920; Kansas & Texas, 5000;
Lake Shore, 1908; Louisville & Nashville,
4.O70; Reading, 29,200 St Paul, 20,960; Union
Pacific. II, APO; Western Union. 81, 500.
TIE stock market was moderately active to-
LAY. and, with the exception of period OF weak
.sess in the afternoon, firm to strong through
1ut. The interest however, was monopollzed by
few stocks which were affected by special
causes, though the remainder also shared in the
improvement. Western Union was strong on
pointers to buy from inside sources, aud the
movement was accompanied oy rumor that
deal would probably be arranged
at the dinner at Baltimore to night Union Pa
eifc showed unusual strength. which was at
tributed to the buying by the Washington party
to cover shorts" Green Bay, Winona & St.
became very strong on the expected utilization
with the Milwaukee, Lake Shore & Western, but
the latter stock, after rise early in the day.
sagged off later and ceased with fractional loss.
st. Paul was inclined to weakness upon the I'M
favorable showing of the earnings, but was held
up by supporting orders The remainder of the
list without special features, although they
shared in the general improvement arising from
The existing situation. The opening was some
what irregular. but the majority we're slight
fractions above last evenings quotations. There
more animation to the early dealings than
has been usual for the past week. and the tone
was decidedly strong Western Union, Union
Pacific and Green Bay being the most promi-
nent in the rise. Toward the end OF the first
hour there was marked decrease in the amount
of business done and later there was slight
yielding of values in the general list, while
Richmond & West Point was decidedly weak
The market quickly rallied, however, but
after noon. the firm tone entirely disappeared,
and the market became dull and heavy. In the
last hour the strength again returned, New Eng
land becoming prominent, and the close was
active and strong at or near the best prices of
the day. The active stocks, with but few ex-
ceptions, ara higher this evening although, with
the exception of Tennessee Coal, which %
and Green Bay, H. the advances are for frac-
tions only.
The railroad bond market was active: sales,
$2,024,000. The special features were the ad,
and sudden activity among the bonds of
the Pacific railroad in consequence of the pas
sage of the investigation resolution, and in the
Green Bay upon the expected closer relations
with tho Milwaukee, Lake Shore & Western.
The active issues Green Bay incomes,
with sales of 1885 900; West Shore tours, 1904,
600, and Union Pacific frsts. $194, 900. The
market was firm to strong throughout, and most
Issues show material advances Green Bay
arsts rose q, to 1919; incomes, q, to 4os; Cen
,ral Pacific irsts. 81, to 1l8; Union Pacific irsts,
81. to119s.
-fiover- nent bonds were dull and steady
State bonds were dull and steady.
Closing quotations were: